U.S. drilling activity ticked higher this week as total oil and gas rigs increased to 547, though the count remains 37 below year-ago levels, according to Baker Hughes data. Oil-focused rigs rose by one to 408 and gas rigs also added one to reach 130, a configuration that could influence supply expectations for Oil – US Crude and Natural Gas in the coming months.
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Over the past month, Oil – US Crude has advanced about 7.94%, reflecting firmer sentiment despite only a modest rig rebound, and its 1-day technical signal stands at Strong Buy. Natural Gas has fallen roughly 5.92% in the same period, pointing to softer pricing dynamics, while its near-term technical outlook is rated Sell, suggesting lingering pressure on prices.
Investors can explore more updates, prices, and analysis across global markets at Commodities.